ZA Bank today announced the appointment of Calvin Ng as its new chief executive officer, effective from 27 March. Calvin will lead the bank for its continued growth and innovation in Hong Kong’s digital banking space, according to a statement by the digital bank. He has served as an executive director of ZA Bank since September 2022.
ZA Bank also said that Ronald Iu had stepped down as chief executive officer and executive director.
As a founding member of ZA Bank, Ng has played a key role in several major milestones for the Bank, from applying for a digital banking licence in Hong Kong and the official launch of ZA Bank to its emergence as a leading digital bank in the city, serving over 800,000 users.
Under Ng’s leadership, ZA Bank became Asia’s (excluding west Asia) first licensed bank to offer cryptocurrency trading services to retail investors. As a key figure in managing the bank’s retail business, Ng is responsible for formulating the overall business strategies, product roadmaps and growth plans, with a strong focus on enhancing user experience and driving the bank’s sustainable growth in a steady and paced manner.
The Board of ZA Bank said: “We are confident that [Ng] will further drive fintech innovation alongside robust risk management, lead ZA Bank in breaking new ground, and deliver a safer, more reliable, and more convenient one-stop digital banking experience for our users.”
